From the category archives:

Trading

July 2, 2010

QuantSports

QuantSports: one-off review.

This product is not a service, method nor a system. What it is, is an “enabler”. I’ll explain!

Perhaps you have tried trading price movements on Betfair. If you have you’ll have found that Betfair’s charting of prices is damn poor (for a trader). Products like GeekToy, BetAngel and Betting Assistant are only slightly better.

You are, therefore, forced to watch price movement, “Weight of Money” and other strategies to attempt to identify trends, reversals, etc.

Wouldn’t it be really neat if you could use the same charting tools the professional ForEx traders use? Then you could apply Technical Analysis tools such as Scholastic, RSI and MACD (if you don’t know these terms, don’t panic, this tool is still for you).

The professional charting package used here is NinjaTrader, and you can use all the facilities of this powerful tool. QuantSports enables the collection of Betfair prices in real time and displays them on NinjaTrader charts.

NinjaTrader is free, and if you don’t already use Betting Assistant or Bet Angel then Geek Toy is also free. You need these tools to support QuantSports. I use BA as I can set up trades with (trailing) stops, and profit targets with a single click. I understand bet Angel offers similar functionality. I have never used Geek toy.

The product comes with a manual which suggests an initial chart layout, and I have been using a rather neat chart called “The River” as suggested in a QuantSports blog post. There is also a member forum, which I’m sure will be full of useful advice.

Now with “proper” price movement AND volume charts you can spot trends and reversals a whole lot easier. You are only looking for 5 to 10 scalps of about ½ point in 5 to 10 events (pre-race Horses is the most liquid and therefore probably best, don’t use this tool “in running”), and this can provide a sizeable income. This tool gives you a fighting chance!

Remember though, if you are new to this, spend a few weeks learning how to read the charts and start small!

I happy to give this product a thumbs up. It does exactly what it says on the tin. For new traders, or moderate to good experienced traders, I think you will find the edge offered by this tool a “must have”. The next challenge is to find a set of charts that I can use and learn how to read them. But that is a totally different blog!

You can get QuantSports here:

http://www.cash-master.com/quantsports.php

Filed under General,Trading by Arthur

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July 2, 2010

Forex Net Trap

A winning LONG today. I closed at 15195.

Day Date Trade Stake Pips Profit/Loss Bank Overall Pips Profit @ £10/pip
42 Fri 2 July Buy £ 0.71 22 £ + 15.53 £  1,074.41 117 £  1,170

Filed under Forex,Spread Betting,Trading by Arthur

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July 1, 2010

Forex Net Trap

A full-profit winning SHORT today.

Day Date

Trade

Stake

Pips

Profit/Loss

Bank

Overall Pips

Profit @ £10/pip

41 Thur 1 July

Sell

£ 0.68

50

£ + 31.46

£  1,058.88

95

£  950

Filed under Forex,Spread Betting,Trading by Arthur

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June 28, 2010

Forex Net Trap System

A losing LONG signal today. I managed to close out at 15034.5

Day Date Trade Stake Pips Profit/Loss Bank Overall Pips Profit @ £10/pip
38 Fri 29-Jun

Buy

£ 0.70 -23.5 £ – 16.36 £  1,028.17

50

£  500

Filed under Forex,Spread Betting,Trading by Arthur

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June 25, 2010

Forex Net Trap

The signal was invalid today so no trade.

Filed under Forex,Spread Betting,Trading by Arthur

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June 24, 2010

Forex Net Trap

A clear LONG signal today, unfortunately for a loss.

Day Date Trade Stake Pips Profit/Loss Bank Overall Pips Profit @ £10/pip
36 Thur 24-Jun Buy £ 0.71 -30 £ – 21.32 £  1,044.53 73.5 £  735

Filed under Forex,Spread Betting,Trading by Arthur

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June 23, 2010

Forex Net Trap System

I do not like the signal again today. Visually, there has been a reversal, and although the pip-value of the signal suggests that this reversal is not significant enough to negate the signal to go SHORT, I am going to invoke the “if in doubt stay out” rule again and class today as a no trade.

Day

Date

Trade

Stake

Pips

Profit/Loss

Bank

Overall Pips

Profit @ £10/pip

35

Wed 23-Jun

No trade

£  1,065.85

103.5

£  1,035

Filed under Forex,Spread Betting,Trading by Arthur

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June 22, 2010

Forex Net Trap System

My interpretation of the signal is that we got enough movement towards a LONG signal to negate the preceding SHORT signal. Even if I have not interpreted the signal correctly I am going to invoke the “if in doubt stay out” rule and class today as a no trade.

Day Date Trade

Stake

Pips

Profit/Loss

Bank

Overall Pips

Profit  £10/pip

34

Tue 22-Jun No Trade

£ 1065.85

103.5

£ 1035

Post Script. I think I called it right. It doesn’t look as if either the stop or the limit was touched and the manual close at 8:30 would have been for approximately a 20 pip loss.

Filed under Forex,Spread Betting,Trading by Arthur

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June 21, 2010

Forex Net Trap System

A (slight) losing LONG for me today. I managed to close at 14898.4.

Day Date Trade

Stake

Pips

Profit/Loss

Bank

Overall Pips

Profit  £10/pip

33

Mon 21-Jun Buy

0.71

- 2.6

£ – 1.85

£ 1065.85

103.5

£ 1035

Filed under Forex,Spread Betting,Trading by Arthur

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June 18, 2010

Forex Net Trap System

It looked a bit odd because of the last four bars before the open, but there was a signal to go LONG today. Trade closed manually for a win. Yes I know if I had held on for a few more minutes we would have had a maximum win, but that is not the rule.

Day

Date

Trade

Stake

Pips

Profit/Loss

Bank

Overall Pips

Profit  £10/pip

32

Fri 18-Jun

Buy

0.70

+22

£ + 15.43

£ 1067.70

106.1

£ 1061

Filed under Forex,Spread Betting,Trading by Arthur

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